Russell Investments has announced a preliminary list of additions and deletions for the annual rebalancing of its family of indexes. As expected, the weight of U.S.-listed China stocks on these indexes will be much lower in 2011 than in previous years. As the main criterion for inclusion is total market capitalization, the steep sell-off in the sector has taken its toll.

The most important of the Russell indexes, the Russell 2000, has lost almost all its China stocks by now. This year we have three deletions and zero additions. For the Russell Microcap Index we have two additions - NEP was not eligible last year, because at the time of index reconstitution the stock was halted by the exchange - and four deletions. And the Russell Global, the only one of the three that allows non-U.S. headquartered companies to be included, dropped 46 U.S.-listed China stocks, while only eight - most of them recent IPOs - have been added.

The final reconstitution of these indexes will take place on Friday, June 24, after the market close. Until that day, Russell can make changes to this preliminary list.

5 Comments:

What the hell are the Chinese doing? Are they trying to stay a Communist closed society? Are they just making trinkets and junkto pull in the worlds money. Obviously the goverment knows whats going on.Obviously the old Communist Curmudgeones are still in charge.I read a blog by a Chinese auditor, he said, no matter what America thinksthese companies cant tie thier shoes without the local Commie giving itthe thumbs up or down. So there must be a master plan! Im not a conspiracytheorist, but I believe they have a plan. Maybe its as simple asthe "local Commie" sees a bunch of cash and he wants it for him and his cronnies. These guys arent too smart, as buiness men, as criminals theyre just O.K. They love these grand companies and projects,but in the long runthey suck! They are just one 100 year flood from the Three Rivers Dam floating down the Yangze

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